Business
CRL part of UKRI £4.5m Green Economies Centre
CRL part of UKRI £4.5m Green Economies Centre.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n\n \n\n7 October 2024\nStrategic Minerals plc\n(\"Strategic Minerals\" or the \"Company\")\n \nCornwall Resources Limited's involvement with UKRI £4.5m Green Economies Centre\n \nStrategic Minerals plc (AIM: SML; USOTC: SMCDY), a profitable producing mineral company, is pleased to update shareholders on the current progress at its 100% owned subsidiary Cornwall Resources Limited (\"CRL\"). CRL confirms its involvement in a newly announced, UK Research and Innovation (\"UKRI\") funded, Green Economies Centre to be based at the University of Exeter. CRL will co-lead one of the trans-disciplinary work packages within the new Centre, with a focus on using CRL's Duchy of Cornwall licence area as a physical laboratory for new ideas and the development of extraction frameworks.\nHighlights:\n \n· CRL's Project Manager, Dennis Rowland, played a key role throughout the process in the University of Exeter securing £4.5 million in funding for the establishment of the Critical Minerals Accelerating in the Green Economy Centre.\n· The Green Economy Centre's focus is on sustainable extraction of tin, tungsten, lithium and other critical minerals, to support the UK's transition to a green economy. With a keen focus on advancing projects towards major new, high value, job creation across the region.\n· CRL is to co-lead one of the trans-disciplinary packages and will co-contribute through access to its extensive mineral rights footprint, including CRL's Duchy of Cornwall licence, and personnel support.\n· Involvement strongly aligns with the Company's strategic objectives for Redmoor, one of which is the continued expansion of its understanding of the geology and prospectivity of its Tamar Valley Licence Area, licenced from the Duchy of Cornwall.\n· CRL to benefit from industrial and academic collaboration and project support, with access to international-level research and innovation concerning the sustainable extraction of minerals, and the development of social licence to operate.\n· Closer ties and positive support for the southwest and its georesources sector from UKRI, and HM Department of Business and Trade.\nBackground\nCRL, and a large group of industry partners, joined the University of Ex...